Daily Comment
Daily Comment (August 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The mixed-to-higher tenor of risk assets so far today is understandable given the mixed news on the coronavirus. U.S. infections continue to moderate, but there has been little discernible progress on a new pandemic relief bill. Separately, Joe Biden announced… Read More »
Daily Comment (August 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Risk assets today are being buoyed by a continued moderation in U.S. coronavirus infections and hopes that the White House and congressional Democrats will return to the bargaining table to hash out a new pandemic relief bill. President Trump has… Read More »
Daily Comment (August 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Monday! Welcome back from the weekend. Equity markets are mixed. Foreign news leads off this morning as we cover the rise in unrest in Belarus, Lebanon, and Bulgaria. Policy news comes next, where we touch on the executive orders. … Read More »
Daily Comment (August 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s employment Friday! We cover the data in detail below, but the quick view is that the data came in better than forecast. It’s a modest risk-off morning, with weaker Chinese stocks. Our leadoff this morning is China as tensions… Read More »
Daily Comment (August 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s the 75th anniversary of the bombing of Hiroshima. U.S. equity markets are a bit weaker after a strong showing yesterday. We lead off with an update on policy progress (or lack thereof), followed by foreign news, with an update… Read More »
Daily Comment (August 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Moderating coronavirus infections in the U.S. and continued progress in vaccine and treatment studies are helping buoy risk assets so far today, despite a major explosion in Beirut that initially raised fears of terrorism. Another important positive today is that… Read More »
Daily Comment (August 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Despite the mixed performance for equities so far today, reports are showing a moderation in new U.S. coronavirus infections, as well as hints of progress in the negotiations for a new virus relief bill in Congress. As always, we review… Read More »
Daily Comment (August 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday! U.S. equity futures are ticking higher this morning and the dollar is stronger. There was lots of policy news, which will be our lead. The virus news is next; mask controversy isn’t just a U.S. issue. An update… Read More »
Daily Comment (July 31, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy St. Ignatius[1] Day! It’s Friday and the “dog days” of August await. Equity markets are mostly higher this morning after the major tech firms revealed impressive earnings. This may be one of the rare times where such earnings are… Read More »